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HomeMy WebLinkAbout2005-03-15 WC Email to OPH Re Tax Petition Eric A. Johnson From: Rollie Huber [ RoUie.Huber©co.washington.mn.us Sent: Tuesday, March 15, 2005 10:32 AM To: Eric A. Johnson; Bruce Munneke - _, Subject: Prudential Insurance Company, Court File No. CX -03 -2644 Bruce, _ This is a tax petition for the 2002 /pay 2003 tax year on the Oak Park Ponds Shopping Center in Oak Park Heights. The property comprises the old Rainbow Store (currently under renovation for Kowalski's) and attached retail spaces, smaller detached neighborhood center and First State Bank of Bayport. The subject property sold on December 20, 2002 for $9,492,600. There was a physical inspection made of the property and the petitioner provided detailed income /expense information. The agreed upon market value for the 2002 assessment year is $9,492,600, the purchase price paid by the petitioner at the end of 2002. The assessed value is $10,215,300. This results in a negative change of value of $722,700. Let me know if you have any questions. Thanks, Rollie 1 5801 I oar Qom^